Add-on Acquisition • Electronics

Sonos Acquires Mayht

On April 11, 2022, Sonos acquired electronics company Mayht for 100M USD

Acquisition Context

This is Sonos’ 1st transaction in the Electronics sector.
This is Sonos’ largest (disclosed) transaction.
This is Sonos’ 1st transaction in the Netherlands.

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M&A Deal Summary
Date	April 11, 2022
Target	Mayht
Sector	Electronics
Buyer(s)	Sonos
Deal Type	Add-on Acquisition
Deal Value	100M USD

Target Company

Mayht

Nieuw-Vennep, Netherlands

Mayht is a Netherlands-based company that has invented a new, revolutionary approach to audio transducers. Transducers are the foundational element within speakers that create sound, and Mayht has re-engineered them to enable smaller and lighter form factors without compromising on quality.

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Buyer Overview 1

Buyer

Sonos

Santa Barbara, California, United States

Category	Company
Founded	2002
Sector	Electronics
Employees	1,708
Revenue	1.5B USD (2024)

DESCRIPTION

Sonos is a consumer electronics company. Sonos delivers an unparalleled sound experience, thoughtful home design aesthetic, simplicity of use, and an open platform. Sonos, Inc. was founded in 2002 and is headquartered in Santa Barbara, California.

Deal Context for Buyer	#
Overall	2 of 2
Sector: Electronics	1 of 1
Type: Add-on Acquisition	2 of 2
Country: Netherlands	1 of 1
Year: 2022	1 of 1
Size (of disclosed)	1 of 2

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2019-11-20	Snips SAS Paris, France Snips SAS is an artificial intelligence voice platform for connected devices that provides private-by-design voice technology. Snips Voice Platform turns speech into action with cutting-edge machine learning. Snips SAS was founded in 2013 and is based in Paris, France.	Buy	$38M

DATE

TARGET

DEAL TYPE

VALUE

2019-11-20

Snips SAS

Paris, France

Snips SAS is an artificial intelligence voice platform for connected devices that provides private-by-design voice technology. Snips Voice Platform turns speech into action with cutting-edge machine learning. Snips SAS was founded in 2013 and is based in Paris, France.

Buy

$38M

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